Florida's Strongest and Weakest Banks

JUPITER, Fla. (TheStreet) - The third quarter was another rough one for Florida's banking industry, with another 10 institutions failing and 53% of banks and savings and loan associations in the Sunshine State reporting quarterly losses.

So far this year, Florida has had 28 bank failures, by far the most for any state.

According to data provided by SNL Financial, 17 of Florida's 252 banks and thrifts were undercapitalized per ordinary regulatory guidelines as of September 30, second only to Georgia, which had 42 institutions included on TheStreet's second-quarter Bank Watchlist.

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